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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Friday, 23 September 22
CHINA DIGS DEEP TO RAISE COAL OUTPUT TO RECORD HIGH - REUTERS
China’s coal production has surged this year as the government seeks to improve energy security by reducing dependence on imports and amassin ...
Friday, 23 September 22
EUROPEAN STEEL BUYERS SEEK DIRECTION IN VOLATILE MARKET - MEPS INTERNATIONAL
Demand for steel is slow to recover, after the summer break. Mill production costs continue to increase. Steel purchasers are uncertain about the f ...
Friday, 23 September 22
BUOYANT COAL INDUSTRY SEEKS WAYS TO STAY IN THE LONG-TERM ENERGY MIX - REUTERS
There’s no doubt that the global coal industry has been a major beneficiary of Russia’s invasion of Ukraine and the subsequent energy c ...
Friday, 23 September 22
MARKET INSIGHT - INTERMODAL
In view of the forthcoming winter, Europe is trying to escape from its energy (oil & gas) dependency from Russia to ensure energy abundance eve ...
Tuesday, 20 September 22
CHINA'S DAILY COAL OUTPUT HITS 3-MONTH LOW IN AUGUST ON RAINS, COVID CURBS - REUTERS
China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even ...
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- Power Finance Corporation Ltd., India
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Kaltim Prima Coal - Indonesia
- Carbofer General Trading SA - India
- Orica Mining Services - Indonesia
- Samtan Co., Ltd - South Korea
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Uttam Galva Steels Limited - India
- Vizag Seaport Private Limited - India
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Tamil Nadu electricity Board
- Global Business Power Corporation, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Maharashtra Electricity Regulatory Commission - India
- Bhoruka Overseas - Indonesia
- Global Coal Blending Company Limited - Australia
- SN Aboitiz Power Inc, Philippines
- Makarim & Taira - Indonesia
- Star Paper Mills Limited - India
- Straits Asia Resources Limited - Singapore
- Kumho Petrochemical, South Korea
- Attock Cement Pakistan Limited
- GAC Shipping (India) Pvt Ltd
- Krishnapatnam Port Company Ltd. - India
- Ministry of Mines - Canada
- Asmin Koalindo Tuhup - Indonesia
- Salva Resources Pvt Ltd - India
- Holcim Trading Pte Ltd - Singapore
- Agrawal Coal Company - India
- Mjunction Services Limited - India
- Larsen & Toubro Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Africa Commodities Group - South Africa
- Anglo American - United Kingdom
- Maheswari Brothers Coal Limited - India
- OPG Power Generation Pvt Ltd - India
- Tata Chemicals Ltd - India
- Australian Commodity Traders Exchange
- Latin American Coal - Colombia
- Posco Energy - South Korea
- Manunggal Multi Energi - Indonesia
- Ambuja Cements Ltd - India
- Kapuas Tunggal Persada - Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- Aditya Birla Group - India
- Mercuria Energy - Indonesia
- Pendopo Energi Batubara - Indonesia
- Merrill Lynch Commodities Europe
- Ministry of Finance - Indonesia
- Siam City Cement - Thailand
- Mintek Dendrill Indonesia
- Chamber of Mines of South Africa
- Bhushan Steel Limited - India
- Kohat Cement Company Ltd. - Pakistan
- Aboitiz Power Corporation - Philippines
- IHS Mccloskey Coal Group - USA
- European Bulk Services B.V. - Netherlands
- GMR Energy Limited - India
- Deloitte Consulting - India
- Rio Tinto Coal - Australia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Offshore Bulk Terminal Pte Ltd, Singapore
- Formosa Plastics Group - Taiwan
- Iligan Light & Power Inc, Philippines
- Mercator Lines Limited - India
- Karbindo Abesyapradhi - Indoneisa
- Chettinad Cement Corporation Ltd - India
- Baramulti Group, Indonesia
- Semirara Mining Corp, Philippines
- Oldendorff Carriers - Singapore
- Bukit Makmur.PT - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Trasteel International SA, Italy
- SMG Consultants - Indonesia
- Intertek Mineral Services - Indonesia
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Bayan Resources Tbk. - Indonesia
- Central Java Power - Indonesia
- Energy Link Ltd, New Zealand
- GN Power Mariveles Coal Plant, Philippines
- Petrochimia International Co. Ltd.- Taiwan
- Coastal Gujarat Power Limited - India
- Ministry of Transport, Egypt
- Wood Mackenzie - Singapore
- Wilmar Investment Holdings
- PowerSource Philippines DevCo
- Meralco Power Generation, Philippines
- Interocean Group of Companies - India
- Borneo Indobara - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Banpu Public Company Limited - Thailand
- South Luzon Thermal Energy Corporation
- Essar Steel Hazira Ltd - India
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Bukit Asam (Persero) Tbk - Indonesia
- McConnell Dowell - Australia
- Renaissance Capital - South Africa
- Port Waratah Coal Services - Australia
- Indian Oil Corporation Limited
- Kideco Jaya Agung - Indonesia
- Parry Sugars Refinery, India
- ASAPP Information Group - India
- Coalindo Energy - Indonesia
- Cigading International Bulk Terminal - Indonesia
- Miang Besar Coal Terminal - Indonesia
- Therma Luzon, Inc, Philippines
- New Zealand Coal & Carbon
- CIMB Investment Bank - Malaysia
- Neyveli Lignite Corporation Ltd, - India
- International Coal Ventures Pvt Ltd - India
- Madhucon Powers Ltd - India
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Parliament of New Zealand
- Kartika Selabumi Mining - Indonesia
- Independent Power Producers Association of India
- Semirara Mining and Power Corporation, Philippines
- Vedanta Resources Plc - India
- Petron Corporation, Philippines
- Indonesian Coal Mining Association
- Vijayanagar Sugar Pvt Ltd - India
- Energy Development Corp, Philippines
- Thiess Contractors Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- SMC Global Power, Philippines
- Indo Tambangraya Megah - Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- The Treasury - Australian Government
- Sree Jayajothi Cements Limited - India
- Lanco Infratech Ltd - India
- Indian Energy Exchange, India
- Heidelberg Cement - Germany
- San Jose City I Power Corp, Philippines
- Thai Mozambique Logistica
- White Energy Company Limited
- Rashtriya Ispat Nigam Limited - India
- Eastern Coal Council - USA
- Jaiprakash Power Ventures ltd
- Electricity Generating Authority of Thailand
- Georgia Ports Authority, United States
- Leighton Contractors Pty Ltd - Australia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Savvy Resources Ltd - HongKong
- PetroVietnam Power Coal Import and Supply Company
- Globalindo Alam Lestari - Indonesia
- Central Electricity Authority - India
- Jorong Barutama Greston.PT - Indonesia
- Bhatia International Limited - India
- TeaM Sual Corporation - Philippines
- Australian Coal Association
- Videocon Industries ltd - India
- Kepco SPC Power Corporation, Philippines
- PTC India Limited - India
- Sical Logistics Limited - India
- Grasim Industreis Ltd - India
- Goldman Sachs - Singapore
- CNBM International Corporation - China
- The State Trading Corporation of India Ltd
- Romanian Commodities Exchange
- Medco Energi Mining Internasional
- Metalloyd Limited - United Kingdom
- Indogreen Group - Indonesia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Planning Commission, India
- Timah Investasi Mineral - Indoneisa
- Xindia Steels Limited - India
- MS Steel International - UAE
- Standard Chartered Bank - UAE
- Bharathi Cement Corporation - India
- AsiaOL BioFuels Corp., Philippines
- LBH Netherlands Bv - Netherlands
- Price Waterhouse Coopers - Russia
- Billiton Holdings Pty Ltd - Australia
- VISA Power Limited - India
- PNOC Exploration Corporation - Philippines
- Cement Manufacturers Association - India
- Sarangani Energy Corporation, Philippines
- Commonwealth Bank - Australia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Antam Resourcindo - Indonesia
- Bulk Trading Sa - Switzerland
- Gujarat Electricity Regulatory Commission - India
- India Bulls Power Limited - India
- Alfred C Toepfer International GmbH - Germany
- Electricity Authority, New Zealand
- Simpson Spence & Young - Indonesia
- Sindya Power Generating Company Private Ltd
- Siam City Cement PLC, Thailand
- Ceylon Electricity Board - Sri Lanka
- Edison Trading Spa - Italy
- London Commodity Brokers - England
- Jindal Steel & Power Ltd - India
- Ind-Barath Power Infra Limited - India
- Riau Bara Harum - Indonesia
- Malabar Cements Ltd - India
- Marubeni Corporation - India
- Gujarat Sidhee Cement - India
- Dalmia Cement Bharat India
- Bangladesh Power Developement Board
- Sojitz Corporation - Japan
- Bank of Tokyo Mitsubishi UFJ Ltd
- Kalimantan Lumbung Energi - Indonesia
- Indika Energy - Indonesia
- Orica Australia Pty. Ltd.
- Eastern Energy - Thailand
- Directorate General of MIneral and Coal - Indonesia
- Karaikal Port Pvt Ltd - India
- Directorate Of Revenue Intelligence - India
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